ISHP vs. YCS
ISHP (First Trust S-Network Global E-Commerce ETF) and YCS (ProShares UltraShort Yen) are both exchange-traded funds - ISHP is a Consumer Discretionary Equities fund tracking the S-Network Global E-Commerce Index, while YCS is a Leveraged Currency fund tracking the USD/JPY Exchange Rate (-200%). Both are passively managed. Over the past 5 years, ISHP returned 0.46%/yr vs 23.52%/yr for YCS. At a correlation of -0.00, they often move in opposite directions. ISHP charges 0.60%/yr vs 1.00%/yr for YCS.
Performance
ISHP vs. YCS - Performance Comparison
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Returns By Period
In the year-to-date period, ISHP achieves a -16.46% return, which is significantly lower than YCS's 9.63% return.
ISHP
- 1D
- -1.03%
- 1M
- -3.26%
- YTD
- -16.46%
- 6M
- -16.45%
- 1Y
- -14.21%
- 3Y*
- 8.69%
- 5Y*
- 0.46%
- 10Y*
- —
YCS
- 1D
- -0.14%
- 1M
- 3.57%
- YTD
- 9.63%
- 6M
- 10.44%
- 1Y
- 31.27%
- 3Y*
- 18.37%
- 5Y*
- 23.52%
- 10Y*
- 13.62%
ISHP vs. YCS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISHP First Trust S-Network Global E-Commerce ETF | -16.46% | 12.27% | 24.17% | 22.24% | -33.79% | 30.09% | 15.33% | 19.74% | -2.04% | 7.66% |
YCS ProShares UltraShort Yen | 9.63% | 9.04% | 35.41% | 28.70% | 29.09% | 22.38% | -11.18% | 3.37% | -1.49% | -6.57% |
Correlation
The correlation between ISHP and YCS is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Oct 11, 2016 | -0.00 |
Over the past year, the inverse relationship between ISHP and YCS has strengthened: their correlation has moved from -0.00 to -0.26, meaning they now move in opposite directions more often than their long-term average.
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Return for Risk
ISHP vs. YCS — Risk / Return Rank
ISHP
YCS
ISHP vs. YCS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust S-Network Global E-Commerce ETF (ISHP) and ProShares UltraShort Yen (YCS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISHP | YCS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.67 | ||
| Sortino ratioReturn per unit of downside risk | -3.40 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.34 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.58 | 3.78 | -4.36 |
| Martin ratioReturn relative to average drawdown | -1.15 | 11.93 | -13.08 |
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Drawdowns
ISHP vs. YCS - Drawdown Comparison
The maximum ISHP drawdown since its inception was -47.57%, roughly equal to the maximum YCS drawdown of -49.56%. Use the drawdown chart below to compare losses from any high point for ISHP and YCS.
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Drawdown Indicators
| ISHP | YCS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.57% | -49.56% | +1.99% |
Max Drawdown (1Y)Largest decline over 1 year | -24.75% | -8.30% | -16.45% |
Max Drawdown (3Y)Largest decline over 3 years | -24.75% | -23.05% | -1.70% |
Max Drawdown (5Y)Largest decline over 5 years | -47.57% | -27.32% | -20.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.32% | — |
Current DrawdownCurrent decline from peak | -23.26% | -0.14% | -23.12% |
Average DrawdownAverage peak-to-trough decline | -12.69% | -19.87% | +7.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.40% | 2.65% | +9.75% |
Volatility
ISHP vs. YCS - Volatility Comparison
First Trust S-Network Global E-Commerce ETF (ISHP) has a higher volatility of 5.73% compared to ProShares UltraShort Yen (YCS) at 2.25%. This indicates that ISHP's price experiences larger fluctuations and is considered to be riskier than YCS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISHP | YCS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.73% | 2.25% | +3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 14.11% | 12.19% | +1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.62% | 16.93% | +0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.26% | 21.10% | +6.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.08% | 18.82% | +5.26% |
ISHP vs. YCS - Expense Ratio Comparison
ISHP has a 0.60% expense ratio, which is lower than YCS's 1.00% expense ratio.
Dividends
ISHP vs. YCS - Dividend Comparison
ISHP's dividend yield for the trailing twelve months is around 1.60%, while YCS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ISHP First Trust S-Network Global E-Commerce ETF | 1.60% | 1.34% | 1.02% | 1.58% | 0.76% | 0.53% | 0.82% | 1.16% | 0.89% | 1.65% | 0.23% |
YCS ProShares UltraShort Yen | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ISHP and YCS have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISHP has higher volatility (5.73%) compared to YCS (2.25%). In terms of maximum drawdown, ISHP dropped -47.57% vs YCS's -49.56%.
On 5-year performance, YCS leads with 23.52% vs 0.46% for ISHP. On fees, ISHP is cheaper at 0.60% per year. On volatility, YCS has been the lower-risk option at 2.25%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, YCS has performed better with a 23.52% return vs 0.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISHP is cheaper with a 0.60% expense ratio, compared with 1.00% for YCS.
ISHP has the higher dividend yield at 1.60%, compared with 0.00% for YCS.
ISHP is categorized as Consumer Discretionary Equities, while YCS is Leveraged Currency. ISHP tracks S-Network Global E-Commerce Index, while YCS tracks USD/JPY Exchange Rate (-200%). They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.60% for ISHP and 1.00% for YCS.
YCS currently has the higher Sharpe Ratio (1.86 vs -0.81), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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